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FOX Business
Nov 9, 2012 6:00pm EST
anywhere on this or will we find ourselves flying over the fiscal cliff? >> obama has several problems. one is he doesn't want to throw the country into a worse economy and he's already created. he will extend the tax cuts for another two years. exactly what he did two years ago. the cuts in spending from the sequestration -- those will take it back. that is good for the economy because it is the only spending restraint. gerri: some people don't think so. especially with iran right now in parts of the middle east up in flames. we slow down spending on defense, let me say that? >> first of all, it is a defense of the spending increase. everyone knows there is a great deal that can be saved. we had their pensions that were saved. there is a lot that can and will be saved out of the budget. that is not his agenda. at the end of the day in the last election, he promised that he won't raise your taxes if you make less than $250,000 per year his promise, it is for one year only. he does have his tax increase for the rich people and he is still $7 trillion short. that is his goal. gerri: wow.
CNBC
Nov 9, 2012 12:00pm EST
, take you live to president obama's statement on the fiscal cliff. we're back in a moment. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> hi. we're counting down to the president who will speak at the top of the hour. we're also watching the bigge
FOX News
Nov 8, 2012 11:00pm PST
. >> andrea: we never heard of obama's fiscal cliff leading up to the election. >> dana: on the front page of the "new york times" today. coming up, the obama administration repeatedly blamed this american film-maker, right there, you see him, for attacksen in n libya and muslim riots in the middle east after september 11. now he is held in jail for a year. greg gutfeld has intriguing proposal for the president. it's worth sticking around for. be right back. ♪ ♪ 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. 6:00. now back to new york and five five. ♪ ♪ ♪ ♪ >> greg: okay. so the guy behind the anti-muhammad film sentenced to a year in jail for violate progresprobation. if it wasn't for the pres
ABC
Nov 9, 2012 4:00am EST
. we begin with the impending budget faceoff that has the country teetering on the edge of a fiscal cliff. >> president obama will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, president obama called congressional leaders to discuss the so-called fiscal cliff. it's a major problem. it has to be solved by the end of the year. republicans and democrats have signaled they're ready to talk. but there's a major hurdle. a showdown's looming in washington, even as democrats and republicans strike a conciliatory tone post-election, both sides are set to collide over taxes. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> reporter: in an exclusive interview with abc news, house speaker john boehner drew a hard line on raising taxes. but opened the door of raising more revenue as part of a deficit
FOX
Nov 9, 2012 6:00am EST
later. have a great weekend. >> coming up. president obama faces the fiscal cliff as we were just talking about. republicans and democrats agreeing to work together to avoid dramatic cuts that could impact everything from the defense budget to your paycheck but that agreement has to happen soon. also ahead, a setback for recovery efforts in new york and new jersey as more gas rationing takes effect this morning. we'll be right back. alright let's break it down. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. >>> people up in new york city are fuming after finding a fema mobile office closed due to bad weather. it is on staten island where people are struggling without power, food or water right now. volunteers organized their open disaster relief on facebook gathering food and clothe
FOX News
Nov 9, 2012 5:00pm EST
have much to say about this next week. coming up, president obama puts the dukes up for the fiscal cliff showdown with congress. we'll have the latest on the bat to avoid fiscal cliff fiasco up next on fy. so don't go away. ♪ ♪ ♪ ♪ >> dana: president obama -- greg is singing and will bring you more of that later. first talk about president obama that made remarks at the white house earlier today addressing the looming fiscal cliff and reaching a deal with congress. listen. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest americans to pay a little more in taxes. i want to be clear. i'm not wedded to every detail of my plan. i am open to compromise. but i refuse to accept any approach that isn't balanced. on tuesday night, we found out that the majority of americans agree with my approach. so our job now is to get a majority in congress to reflect the will of the american people. >> dana: before the president spoke, how majority leader john boehner held a news conference on the issue, too. >> i thi
FOX News
Nov 9, 2012 2:00pm PST
headlines. boehner is saying okay, president obama, you want to talk about the fiscal cliff. go first. we're waiting. what do you want to cut? i think that the conventional wisdom in washington among democrats and republicans is the president need to embrace simpson bowles. a great starting point. it allows him to not come out and put cuts on table, which i don't think he wants to do. i think some democrats, too, come out, like schumer and said i don't want you raising taxes on people under $1 million. we know it hurts his constituency. the they said raising taxes in a recession or down economy is not the good thing to do a year ago, it's not good to do now either. >> dana: bob, if you are in a position of leadership at the white house, do you think it's smart for president obama to lay out a plan like simpson-bowles or call it something else if he wants to and because he knows he can't get a tax increase at the level he is talking about through the house and maybe not even the senate, shouldn't he just then ask for something that bane could deliver? >> bob: first of all, let's
NBC
Nov 9, 2012 6:00am EST
-called fiscal cliff. president obama will address the fiscal cliff this afternoon. he will likely urge congressional leaders to work together to come up with a solution. here's what's at stake. congress and the president must reach a budget deal by the end of the year or will face a combination of tax hikes and spending cuts. the nightmare scenario will see bush-era tax cuts expire and the alternative minimum tax kick in. that means more than half of all married couples with two children will have to pay an additional $4,000 a year in taxes. families with three or more children will owe $4,700 additional taxes. a temporary payroll tax cut would also expire. the most american workers will face a 2% tax increase. there will also be automatic spending cuts to a thousand government programs. >> and those spending cuts could have a devastating effect on northern virginia. a recent study found virginia could lose thousands of jobs because it has so many defense contractors and military agencies. virginia governor bob mcdonnell is preparing for the worst. he's told state agency head to look f
NBC
Nov 9, 2012 6:00am EST
. >> we'll hear from president obama today about avoiding the fiscal cliff. will republicans agree to tax increases? tracie potts has more. >> president obama is expected to urge congress to extend the bush tax cuts right away and cooperate to avoid the fiscal cliff. >> everyone will have to come to the table in the spirit of getting something done. >> democrats may have to take the hatchet to social security and medicare. republicans may have to raise taxes on the wealthy. john boehner signaled his party is open to new revenue. >> do not raise taxes. the government will get more revenue. >> john boehner also speaks today. >> we have to watch if the speaker and president are on different planets. >> it will still create a level of uncertainty going forward until everything is determined by a new congress. >> unemployment could hit nine per 1% next year -- unemployment could hit 9.1% next year. we could be looking at 3% growth next year. tracie potts, wbal-tv 11 news. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commu
CNBC
Nov 9, 2012 1:00pm EST
course, as we've been saying, president obama set to lay down his starting points on the fiscal cliff debate and what the economy needs to stay in recovery mode. a setting rich in theater coming just hours after the speaker of the house, boehner, made his case. >> indeed he did, ty. thank you. i'm sue herera, along with my partner tyler mathisen. john harwood and eamon javers are in washington as we countdown to the president's statement in a few minutes. we're hearing that the white house has invited congressional leaders for a meeting at the white house next week on the fiscal cliff. that seems to mean, john, to me anyway, a little bit of progress. what type of tone do you expect, john, the president to take in this next address? >> sue, i expect him to be conciliatory and reaching out to republicans the way john boehner has tried to strike that mode on capitol hill. two different white house specialists just told me the president will walk out here and announce he's invited the bipartisan leadership of congress to the white house next week to begin talks on the fiscal cliff. i have
FOX Business
Nov 8, 2012 7:00pm EST
give greece any more money. president obama to address the impending fiscal cliff and a statement in the eastern tomorrow added to his schedule late this afternoon. the president is expected to lay out a number of steps required to keep our economy growing. reduce. i can't tell you how pleased i am to see the president addressing the volatility in these markets and the fundamental issues affecting the economy. the chief economist for moody's economist. >> i would not put my hopes to high. more stagnation and malaise in definitely. the administration takes a more positive approach toward promoting growth. lou: what would that be? >> they might want to pull back on regulation. they may want to pursue tax policies that are more supportive of growth. the first order of business is to resolve these issues surrounding the fiscal clef in a manner that is going to be constructive for the u.s. economy. lou: to you think that is the reason the market is selling off? >> that is one. relating to the fiscal cliff, the market is very much interested in the manner in which we might resolve t
ABC
Nov 9, 2012 6:00am EST
president obama gets ready to speak on the fiscal cliff, bob mcdonnell put states officers on notice. >> a chilly start to the weekend. and good news, it is going to get better. good morning. it is friday, november 9. i am steve chenevy. >> i am cynnÉ simpson. let's check in with jacqui jeras. >> good morning. it brings me joy to bring you pictures like this. it is an absolutely gorgeous sunrises. had a chilly start but it looks great. not to mention in his friday today. 39 at reagan national. a little chilly in winchester. 43 in annapolis. cooler than average. mid 50's with sunshine across the board. things will warm up. we will see seasonable temperatures. if you do not have outdoor plants, you better make them now. i am thinking hiking this weekend. but as check on traffic this morning. >> hiking. we like that. on metrorail, a broken it down train at the smithsonian stop. for mark pande trains, on time, on the schedule. -- mark, penn trains. we normally back here at 650. not the case. 270, we do have the volume. and down toward 109. starting to jam up in germantown at 118. inters
Univision
Nov 9, 2012 6:30pm EST
fbi lo investiga, el presidente obama propone pacto a republicanos, para que el gobierno no caiga en un abismo fiscal que conducirÍa a otra recesiÓn, cacerolazo en argentina, miles protestaron fcorrupciÓn, e intuntos de reelecciÓn, y el presidente obama llorÓ al darle las gracias a trabajadores de campaÑa, veamos quÉ hay detrÁs de lÁgrimas de los polÍticos, comenzamos. ♪. ♪. >>> este es su "noticiero univisiÓn" con jorge ramos y marÍa elena salinas. >>> muy buenas noches, comenzamos el noticiero con la renuncia del director de la cia. el famoso general, conocido por estrategias de combate, renuncÓo por una relaciÓn extramatrimonial, no se confirma con quiÉn fue, el fbi lo estaba investigando, lleva 37 aÑos de casado, presentÓ su renuncia al presidente, y la aceptÓ, irma tiene la caÍda del que muchos consideran un hÉroe norteamericano. >>> la renuncia del general como director de la cia tomÓ por sorpresa a muchos, no solo por el hecho, sino por razones que dio para hacerlo, ayer en la tarde fui a la casa blanca, le pedÍ al presidente que me permitiera renu
CBS
Nov 9, 2012 5:00am PST
-election president obama will urge lawmakers to work together and prevent that so- called "fiscal cliff." mr. obama set to deliver a speech later this morning. if congressional democrats and the republicans don't reach a budget deal by year's end the bush-era tax cuts will expire and deep across-the-board cuts will kick in. vice president joe biden and others in washington are expressing confidence it can be avoided. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> let's hope so. the congressional budget office predicts the "fiscal cliff" would send the unemployment rate skyrocketing above 9% next year. >>> time now is 5:11. forget black friday. which retailers want to get you in the door on thanksgiving. >> plus, creepy or totally natural? the breast-feeding babydol that has some parents outraged. coming up. ,, drivers off guard today. cbs reporter sean bennett in nyack with the conditions rt now. mick hodges tow truck driver "and they let a bunch of cas through without any chains d then it started sn here's all thes >>
NBC
Nov 9, 2012 4:30am PST
opening of a new outlet mall in livermore. we'll let you know why. >>> plus what president obama is doing this morning to try to keep the nation from falling over that so-(b&led fiscal cliff. >> everybody hanging on. >>> and members of s.e.a.l. team 6 punished for helping out a redwood city-based company. we'll tell you exactly what they did wrong coming up next. >>> in just a few hours, president obama will address the nation from the white house. his first since winning re-election. he'll be talking about how america avoids falling off the fiscal cliff at the end of the year. tracie potts has the latest on the financial battle on capitol hill. >> reporter: this afternoon president obama is expected to urge congress to extend the bush tax cuts right away and cooperate to avoid the fiscal cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending.
ABC
Nov 9, 2012 6:00am PST
towards a pick-up truck but managed to escape. >>> president obama set to make first post-election comments today about actions needed to avoid so-called fiscal cliff we've been hearing about. that could plunge the economy back into resection. the president will be asking congressional republicans and democrats to work together to tackle the fiscal problems. he will be speaking from the white house 10:00 our time and you want to stay with abc7 morning news at 6:15 we go live to washington, d.c. for a preview of today's remarks. >>> traffic and weather together, next. here's a live look outside, golden gate bridge, looks like there might be a little mist nothing like the storms we had overnight. meteorologist mike nicco will tell you where those storms are going using live doppler hd. >>> also ahead, alaska airlines debuts a new fleet of aircraft. [ unintelligible ] >>> welcome back. one shower moving through the heart of san jose heading towards lincoln and almaden sliding to the south and east you can see it is going to head down 101 possibly to morgan hill as it heads into the hi
Univision
Nov 9, 2012 5:00pm EST
entretenimiento, un talento local nos presenta su nueva produccion discografica... el presidente barack obama y lideres republicanos hablaron hoy sobre el abismo fiscal que tendra que enfrentar el pais para fin de aÑo...que tal.. buenas tardes.. ..mario..pero muchos se preguntan, que es el abismo fiscal y como podria afectar a los hispanos?. fernando pizarro nos explica.. en su primera aparicion en la casa blanca tras su re- eleccion, el presidente obama se refirio a que no quiere dramas para evitar el llamado "precipicio fiscal." presidente obamaestoy abierto al compromiso. estoy abierto a nuevas ideas. tengo el compromiso de resolver nuestros desafios fiscales, pero me niego a aceptar propuestas que no sean balanceadas. pero que es el precipicio fiscal? es el plazo a fin de ano para decidir si se mantienen o no las rebajas de impuestos y evitar recortes prespuestarios al gobierno federal. segun 1 economista, republicanos y democratas deberan ponerse de acuerdo para subir los ingresos del gobierno. de lo contrario. isaac cohen, economistapueden subir los impuestos porque las rebajas programad
CBS
Nov 9, 2012 4:00am EST
>>> the looming cliff. president obama faces the first challenge after his re-election avoiding a fiscal crisis that could trigger a new recession. frustration builds in the northeast as thousands remain cold and in the dark after two powerful and damaging storms. >> this happened again so soon. feel very frustrating and anxious. >> members of the elite team six are reprimanded for allegedly revealing classified information. >>> this is the "cbs morning news" for friday, of november 9th, 2012. good morning. good to be with you. i'm terrell brown. we begin in washington. there is a new sense of urgency to avert a looming fiscal crisis. it's the so-called fiscal cliff a combination of tax hikes and spending cuts scheduled to kick in next year. both democrats and republicans are talking compromise but we have heard this all before. and in the just released report from the nonpartisan congressional budget office predicts dire consequences unless it's resolved. tokyo's nikkei and hong kong hang seng were down 1% and wall street investors are selling. the dow jones industrials were down
PBS
Nov 9, 2012 6:00pm EST
captioning sponsored by macneil/lehrer productions >> woodruff: president obama addressed the looming fiscal crisis for the first time since the election, and insisted once again he won't accept a deal unless it includes higher taxes on the wealthy. good evening. i'm judy woodruff. >> brown: and i'm jeffrey brown. on the newshour tonight, we'll have excerpts from the president's remarks, and our own debate on the economic challenges ahead with two senators, maryland democrat ben cardin and tennessee republican bob corker. >> woodruff: then, ray suarez has the latest on the surprise resignation of cia chief david petraeus after admitting to an extra-marital affair. >> brown: it's still cold and dark in many new jersey homes. special correspondent rick karr follows utility crews as they work to turn the electricity back on. >> access to these lines is quite difficult, cutting through peoples' backyards. you may come in one and cross four other yards just to get to your job site. >> woodruff: plus mark shields and david brooks analyze the week's news. that's all ahead on tonight'
FOX Business
Nov 9, 2012 1:00pm EST
obama's remarks at the top of the hour on the fiscal cliff on raising taxes. lori: you're not surprised. melissa: i don't know. remember dennis was celebrating at the end of last hour maybe this downward cycle had ended. that was enough and we were up 60 points. now we're down 11. let's head to the floor of the new york stock exchange. sandra smith is standing by. what are traders saying? >> i'm talk to one right now, ben willis. anytime president obama takes the microphone these markets sell off. that is the case in point. heard same thing from jason weisberg, anytime he takes the microphone we get a selloff. the dow has turned negative. barely negative down 10 points but a lot of traders focus on the s&p 500, a broader guage of the market, it is still positive. tech-heavy nasdaq is still leading stocks. it is positive. the focus is on the dow. if you look at a intraday chart of the dow, you'll see we hit the highs of the session just before president obama took to the mike phone. then we saw saw the big selloff. traders say uncertainty president obama does create when he doe
NBC
Nov 9, 2012 4:30am EST
about america's fiscal cliff. president obama will address it head on today. we'll tell you what it means for your money. >>> tuesday's vote makes marijuana legal in colorado where nfl superstar peyton manning just invested in over two dozen pizza restaurants. >>> and newly released video of a suspected killer stealing and crashing a plane. the gruesome details ahead. >> announcer: this is "early today" for friday, november 9th, 2012. >>> good morning, everyone. i'm lynn berry, and today the focus is back to washington and whether the white house and congress can put aside campaign bitterness to reach a deal avoiding the so-called fiscal cliff. last night house speaker john boehner said he's optimistic about an agreement telling abc's diane sawer he's the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass
FOX Business
Nov 9, 2012 11:00am EST
. dennis: president obama to speak in minutes on the looming fiscal cliff. cheryl: his comments live in moments. lori rothman and melissa francis are next. new pink lemonade 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. the skin they were born with and say they'd die for darker skin. sadly, some actually do. change your thinking, not your skin. stop tanning. learn more at spotskincancer.org. >> for two days we have been listening to the panic, there's a fiscal cliff, the dow up 66 points. 443 points down in two days. >> we'r we are actually going te hearing from president obama shortly about this exact issue, the debate on the fiscal cliff. lori rothman and melissa will be joining us. congratulations for a
WETA
Nov 9, 2012 6:30pm EST
in his position through president obama's inauguration next year to help with fiscal cliff negotiations. but geithner has said he will not stick around for the rest of the president's second term. treasury secretary is a demanding job and a key assignment in the upcoming negotiations over tax reform and budget cuts. darren gersh details the likely candidates for treasury secretary. >> reporter: jack lew is the name most-mentioned to replace tim geithner at treasury and he is by far considered the man to beat. lew was twice head of the office of management and budget and he's now the president's chief of staff. >> he is an incredibly hard worker. he is very bright. he has a very deep experience base. he is extremely honest. if you are negotiating with him, you will get nothing but the truth and you can take that to the bank. all those things, you put them together it's not the most common package in washington. >> reporter: republicans are wary of lew, believing he bested them in budget negotiations last year. but the president trusts him and his pick would be a sign of just
ABC
Nov 9, 2012 4:30am EST
:32 rainout. president obama speaking about the potential impact of the fiscal cliff. virginia taking steps to prepare for a worst-case scenario. bob mcdonnell said two weeks to find ways to cut cost. >> of government -- we will have less customers and be in trouble. >> businesses are not doing too well already. >> if congress fails to act, the economy could shrink by one half percent. the unemployment rate could soar to 9.1%. >> the president got emotional while addressing campaign staffers in chicago. >> i am really proud of that. >> the campaign released a five minute video of his speech that came one day after he won reelection. >> president obama weighing replacements for several aides and cabinet members expected to leave it. the treasury secretary timothy geithner, hillary clinton, and leon panetta will leave sometime next year. >> the former democratic committee chair said he will make a second attempt to become governor of virginia. he ran for governor in 2009 but lost in the primary. the lieutenant governor is also seeking the republican nomination. >>d.c. police looking for
FOX News
Nov 9, 2012 5:00am EST
. this comes as president obama and congress look for ways to avoid the fiscal cliff or cushion the blow. the new study estimatesir cuts which carry heavy weight politically could bost 330 billion by the end of the budget year. also boost gross domestic product 2.2 percent next year. several issues goes along the line. one thing the market hates is uncertainty. dropped wednesday and had another triple dig get last thursday. this is one we will be watching closely and this will have a direct impact on any one who lives and pays taxes in this country. we will keep you updated. >> fox business network, thanks. >>> hundreds of thousands of people are still recovering from the extreme storms that devastated the east coast recently. today teams of paramedics and national guard members will be going door to door in brooklyn and queens new york to provide medical care for those who need it. >> many people are struggling to fill up gas tanks and get gas for their generators forcing new york to start the gasoline rationing. antoine lewis is live in queens with more on how new york is trying to fig
FOX
Nov 9, 2012 12:00pm PST
looming fiscal cliff. >> reporter: well, president obama began his remarks saying now that the campaign is over, it's time to get back to work and there is a lot of work to do. but will there be consensus on capitol hill and will it all happen in time to avoid this fiscal cliff especially when both sides are still drawing battle lines. the speech lased eight minutes. >> on tuesday they said loud and clear that they won't tolerate dysfunction, they won't tolerate politicians who view a dirty word. >> 2013 should be the year we begin to solve our vet through tax form and entitlement reform. i'm proposing there will be a birth of fiscal cliff in a manner that ensures that 2013 is finally the clear that our government comes to grips with the major problems that are facing us us. >> i refuse to accept any approach that isn't balanced. i'm not gonna ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. [ applause ] >> i'm not gonna do that. >> reporter: the deadline is fast
CNBC
Nov 8, 2012 7:00pm EST
president obama will finally tackle the fiscal cliff in a delivered statement. we are going to get you the details. there's been a 400-point-plus selloff since the election. we could be staring at a dividend tax and a capital gains tax hike. superstar investor ken hebner tells us how to get through this period. >>> also, american drone and international airspace days before the election and kept secret until now. is that a coincidence? >>> and on election day, voters in two states allowed recreational use of marijuana. is this the gateway to liberals legalizing rampant drug use in this country? janine turner is going to join us. >>> within the hour, word that president obama will make a statement on the fiscal cliff and the economy at 1:00 p.m. tomorrow. the congressional budget office issued a new scenario of what happens if the president and congress fail to act. eamon javers joins us now with the details. good evening, eamon. >> reporter: good evening, larry. as you say, we're getting news tonight we're going to get dueling appearances tomorrow between speaker john boehner and p
CBS
Nov 9, 2012 12:00pm PST
but president obama says we could avoid the fiscal cliff. i'm michelle griego. >> and the president addressed the nation, and quick action to keep all american taxes from going up on new year's day. >> cbs5 reporter cate cauguiran watched the address and is breaks it down. >> what does it really mean for everyone in california. >> reporter: there is a new report that shows the bay area's job market could grow faster than the state of california and the nation over the next two years, but our economic growth could go downhill with this looming fiscal cliff. >> right now, if congress fails to come to an agreement on an overall deficit reduction package by the end of the year, everybody's taxes will automatically go up on january 1 january 1st. everybody's. >> reporter: just hours ago the president warned lawmakers the deadline is approaching. economists say the fiscal cliff could throw the economy back into a recession. both republicans and democrats emphasize compromise. >> this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a
NBC
Nov 9, 2012 5:00pm EST
obama and republican house speaker john boehner both laid out ideas to avert the so-called fiscal cliff next year. and it seems clear the two leaders and a bipartisan deal are still worlds apart. keith russell is in our newsroom with more on this high-stakes battle. keith? >> wendy, president obama's first remarks since being re-elected that he and congress have no choice. reach an agreement before the end of the year or taxes will go up for everyone, which could mean another recession. that's a deadline that's looming and the so-called fiscal cliff. in a speech at the white house today, the president said he's open toioids, as long as the wealthiest realize they have to do their part. >> i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> reporter: just about two h r hours before president obama spoke, speaker of the house john boehner had his own news conference saying raising the highest rates will only hurt the economy
NBC
Nov 9, 2012 5:00pm EST
are starting where they left off, far apart. in a speech at the white house, president obama claimed the election proved most americans agreed with his plan, that he calls balanced, cutting spending and hiking taxes to avoid the fiscal clef. he said he is flexible, but -- >> i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> the main republican negotiator will be speaker john boehner. >> the problem with raising tax rates on the wealthy americans is that more than half of them are small business owners. we know from ernst and young, 700,000 jobs would be destroyed. >> john boehner insists the middle class and the government would get more money if tax rates dropped. >> we know we will get more economic growth. it will be in jobs back to america. it will bring more revenue. >> republicans say they will not bend on taxes unless democrats fix the costs of medicare and social security. it is
CNN
Nov 9, 2012 4:00am PST
obama. the second thing is when you're driving off of a fiscal cliff, you're -- if you're going to go halfway off this cliff you're still going to fall off the cliff. the point is we have to stand for what's right and we have to -- this country does not go off a fiscal cliff. >> what does that mean? so let's talk about the fiscal cliff for a moment i'm trying to understand what your pox would be. it looks like it's been described as some of the things that, that john boehner has said, it looks like there might be a, a window, a window of promise in terms of closing some loopholes which would really raise tax revenue. do you see that as a compromise that, that tea partiers would be comfortable with? >> tea partiers are absolutely comfortable with flattening and simplifying the tax code. we, for years, have been saying it's too complicated. it's too big. there's too much room for social engineering. and allowing politicians to determine our behaviors based on our tax code. the tax code was never meant to engineer our behavior. >> -- >> think about it, it gives you certain breaks for act
FOX News
Nov 9, 2012 10:00am PST
president obama on the fiscal crisis threatening our nation. welcome. i and shannon bream and four megyn kelly. shannon: if he and lawmakers cannot reach a deal for the end of the year, not only will there be major spending and budget cuts, but americans will see some $536 billion in additional taxes. effecting ae% of u.s. households. to the tune of $3500 on average per household. we have fox team coverage as we await the president's remark. analysis from bret baier. but first, ed henry is standing by live. what can we expect? >> good afternoon, shannon. the president will announce at the beginning of his remarks that he is inviting congressional leaders to the white house next week. as congress comes back in session. that is to try to jumpstart the conversations about the fiscal cliff. economists are predicting that we could have a double dip recession if the economy gets the double whammy of massive spending cuts kicking in on january 2. and a big tax increases kicking in. the president celebrating in chicago. the sobering reality of governing is setting in here. the president is
FOX
Nov 9, 2012 5:00pm EST
last years. >> there is also the issue of the fiscal cliff. both president obama and house speaker john boehner today came out warning the consequences of not reaching a deal would be devastating to the u.s. economy but they don't have a lot of time here. >> no, they don't. the president spoke on this today, not mentioning what was going on behind the scenes with the cia. consider the timeline here. there are only 53 days now left for congress to get to work and get this deal done in order to raise the debt ceiling this year congress put this countdown clock in effect and it has now unt january 1 to get it done. if nothing gets done, your payroll taxes could go up. the bush era income tax cuts would end and 449,000 defense industry jobs across virginia, maryland and d.c. could face layoffs if these automatic pentagon cuts are allowed to go forward. at the white house this afternoon the president spoke in front of what the administration called average americans. those special era tax cuts would expire. add to that deep spending cuts that will kick in. all of this has economists war
CNN
Nov 9, 2012 7:00am EST
fiscal cliff. today, president obama is going to deliver a big speech about the economy. one of the main components of the president's spending plan is higher tax rates for the wealthy. that's something that house speaker john boehner doesn't seem to be buying. listen. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> without a budget compromise, drastic cuts amendmently kick in. that, of course, could send the economy spiraling back into a recession. white house correspondent brianna keilar is live for us this morning from washington. john boehner was the guy who said he didn't think a lame duck congress could do big things. what can be done in the next, what did i say, 53 days? >> well, maybe finding some sort of stopgap measure. some sort of framework on tax reform, soledad. i think that's the goal here. the fact is, house republicans and president obama and senate democrats, they don't really have a choice. they have to do something, and that became very clear yesterday when the cbo put out a report showing
NBC
Nov 9, 2012 4:00pm EST
problems that would create. >>> now, to the fiscal storm. today president obama and republican house speaker john boehner both laid out ideas to avert the so-called fiscal cliff. tax increases and spending cuts are due to hit in january, but today it seemed the two leaders and the bipartisan deal are still worlds apart. steve handelsman is on capitol hill with more on that. steve? >> you got it right. this is a restart of a high-stakes negotiation between those two men. the president and the speaker. the problem is beginning today where they left off, which is far apart. in a speech at the white house, president obama claimed the election proved most americans agree with his plan. that he calls balanced. cutting spending and hiking taxes to avoid the fiscal cliff. he said he's flexible -- >> but i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> reporter: he's calling in members of congress for fis
CNBC
Nov 9, 2012 4:00am EST
london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumption side actually look pretty good. numbers came in at 14.5% growth and that beat expectations. a lot of that was because people are buying more food as well as automobiles.
NBC
Nov 9, 2012 6:00pm EST
president assad leaves power. nbc news, cairo. >>> fiscal battle here at home. today president obama and house speaker john boehner both laid out ideas to avert the so-called fiscal cliff. that would happen when automatic tax increases and spending cuts are due to hit in january. the president invited congressional leaders to the white house to talk about a bipartisan deficit plan to avoid that crisis. steve handelsman reports now, democrats and republicans are still far apart. >> in a speech at the white house, president obama claimed the election proved most americans agree with his plan, but he calls wla s balanced. cutting taxes to avoid the fiscal cliff. he says he's flexible, but -- >> i refuse to accept any approach that isn't balanced. i'm not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> reporter: he's calling in members of congress for fiscal cliff meetings next week. but the main republican negotiator, again, will be speaker john boehner. >> t
ABC
Nov 9, 2012 5:00am PST
were on the roof to get to hot spots. >>> president obama is set to make his first post-election comments today about actions needed to avoid the so-called fiscal cliff. tahman bradley is in washington and joins us with more. >> reporter: good morning. shortly after president obama was reelected, he called congressional leaders to talk about the so-called fiscal cliff. it is a major issue that needs to be resolveed by the end of the year. democrats and republicans say they are willing to talk but there's major hurdles. showdown looming, as democrats and republicans strike a conciliatory tone post-election both sides are set to collide over taxes. >> raising tax rates unacceptable. and it couldn't even pass the house. >> reporter: in an interview house speaker boehner drew a hard-line on raising taxes but opened the door to raising more revenue. >> i would do that, if the president were serious about solving our spending problem and trying to secure our entitlement programs. >> reporter: democrats think the president has a mandate to raise taxes on families making more than $250,0
MSNBC
Nov 8, 2012 5:00pm PST
tweet -- president obama should stand true to his promise and go off the fiscal cliff and make sure the rich pay a fair share. >>> and ds butte tweeds dems should take it to the road for the people to know what's happening. keep sharing your thoughts with us. >>> still to come, the conservative alternative reality comes crashing down and the american public isn't buying their lies. stay tuned. >>> ed show survey tonight, i ask you does the president's victory give him more leverage in the economic fight? 98% say yes, 2% say no. i thought that would have been 100%. >>> next, the republican spin on this election is a great example of the alternative reality they live in. it's been two days since president obama's win and they're still making stuff up. michael of t"the daily beast" will tell us just how long the republicans can keep these lies going. [ female announcer ] what does the anti-aging power of olay total effects plus the perfecting color of a bb cream equal? introducing the newest beauty trend. total effects cc cream c for color. c for correction. [ female announcer ] fight
MSNBC
Nov 8, 2012 8:00pm PST
surging democrats to stand firm on the fiscal cliff. this tweet -- president obama should stand true to his promise and go off the fiscal cliff and make sure the rich pay a fair share. >>> and ds butte tweets dems should take it to the road for the people to know what's happening. keep sharing your thoughts with us. >>> still to come, the conservative alternative reality comes crashing down and the american public isn't buying their lies. stay tuned. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. the capability of a pathfinder with the comfort of a sedan and create a next-gen s.u.v. with best-in-class fuel economy of 26 miles per gallon, highway, and best-in-class passenger roominess? yeah, that would be cool. introducing the all-new nissan pathfinder. it's our most innovative pathfinder ever. nissan. innovation that excites. ♪ and one wedding, 2 kids, 43 bottles of olay t
CNN
Nov 9, 2012 2:00am PST
, president obama shifting his focus to the looming fiscal cliff. the president delivers a big speech on the economy this afternoon. he wants the bush-era tax cuts for the wealthy to expire. but house speaker john boehner tells abc news, quote, raising tax rates is unacceptable. just 53 days left for the lame duck congress toe get a deal done. retiring senator olympia snowe not sounding overly confident a compromise can be reached. the maine republican is pleading with her party to find middle ground on a new spending ground. but she tells anderson cooper she don't like where things are headed. >> the more we prolong the uncertainty and unpredictability the more we're going to invite or trigger a financial crisis. but the uncertainty is certainly a dangerous -- it's dangerous and we're in unchartered waters. >> because of the dysfunction, the gridlock in washington. >>> a u.s. border patrol agent who died last month in a shooting near the arizona/mexico border, he was killed by a gunshot wound to the head. that's according to an autopsy report. the fbi believes the death of 30-year-ol
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